Biogen Completes Acquisition of RayThera Inc. to Expand Immunology Pipeline
Biogen announced the completion of its acquisition of RayThera Inc., a privately held immunology-focused biotech developing small-molecule therapies. The deal adds a lead program now in Phase 1 and is framed as strengthening and diversifying Biogen’s immunology pipeline through its open innovation model, with anticipated financial impacts described as forward-looking.